Corner Retail Strip with Dual
801 E Prien Lake Rd Lake Charles, LA 70601
801 E Prien Lake Rd, Lake Charles, LA, 70601
$895,000
For Sale
$895,000
Retail strip property with stores front both Prien Lake Rd and Kirkman St, housing multiple long-term tenants.
Property Size6,476 SF
Price / SF$138.20
Days on Market765
Property Features for 801 E Prien Lake Rd
General Information
- Standard status
- Active
- Size
- 6,476 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1994
Listing agency
Century 21 Bono Realty
(337) 348-9711
Listed by
Lori A Kascak · License #0912124595
(337) 348-9711
Source
Exitrealty
Added: Jun 17, 2024 Updated: Jul 21 at 12:31AM Checked: Jul 21 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Bono Realty
Investment Insights
Based on property information with market context.
This commercial building features retail storefronts that front both Prien Lake Rd and Kirkman St, creating dual street frontage from a corner location. The property is currently operating with three independent businesses, each supported by long-term tenants.
With access and visibility directed to two streets, the shopping center layout provides multiple storefront spaces along the primary frontages. The existing tenancy is positioned to support immediate cash flow for a purchaser.
There is also stated potential to add up to two additional businesses at the property, depending on tenanting and leasing plans. Overall, the asset presents a straightforward retail ownership opportunity with established operations and dual-front marketing exposure.
With access and visibility directed to two streets, the shopping center layout provides multiple storefront spaces along the primary frontages. The existing tenancy is positioned to support immediate cash flow for a purchaser.
There is also stated potential to add up to two additional businesses at the property, depending on tenanting and leasing plans. Overall, the asset presents a straightforward retail ownership opportunity with established operations and dual-front marketing exposure.
Key Highlights
- Commercial retail strip built in 1994
- Stores front both Prien Lake Rd and Kirkman St
- Currently occupied by long‑term tenants for immediate cash flow
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $13.20 |
| − Vacancy | −$3.8k | −$0.59 |
| EGI | $81.6k | $12.61 |
| − OpEx | −$24.5k | −$3.78 |
| NOI | $57.1k | $8.82 |
6,476 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$816.4K
$714.3K – $952.4K
NOI $57,146 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,713 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
liquidation super store
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail strip property with stores front both Prien Lake Rd and Kirkman St, housing multiple long-term tenants.
Where is this strip mall located?
The property is located at 801 E Prien Lake Rd Lake Charles, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Commercial retail strip built in 1994; Stores front both Prien Lake Rd and Kirkman St; Currently occupied by long‑term tenants for immediate cash flow
